LTIMindtree Limited: Comprehensive Stock Analysis Report | Scrolls
- Editor
- Sep 15
- 2 min read
by KarNivesh | 15 September, 2025
LTIMindtree Limited: Short Overview
LTIMindtree Limited, formed through the merger of L&T Infotech and Mindtree in November 2022, has quickly established itself as the sixth-largest IT services company in India with revenue of ₹38,008 crores in FY25. Headquartered in Mumbai, the company employs over 84,300 professionals across 38 countries and serves 700+ global clients, including Microsoft, Citi, Nordea, and Barclays. Its service portfolio spans BFSI, Technology, Manufacturing, Healthcare, Consumer Business, and Media & Communications.
Leadership and Strategic Focus
In May 2025, Venugopal Lambu assumed charge as CEO & MD, succeeding Debashis Chatterjee. The leadership change coincided with a broader transformation strategy based on three pillars: becoming AI-centric through the BlueVerse platform, winning vendor consolidation deals, and driving agility in growth areas. AI is central to its vision, reflected in its “AI in Everything” approach, partnerships with Microsoft, AWS, and Google Cloud, and investments in emerging technologies.
Financial Performance
In FY25, LTIMindtree reported revenue of ₹38,008 crores, growing 7% year-over-year. Profit stood at ₹4,599 crores, with EPS of ₹155.29. Gross margin improved to 28.3%, while operating margin was 14.5%. Net profit margin slipped slightly to 12.1% due to wage inflation and competition, though productivity gains from AI helped improve margins in FY26.
The company secured a total contract value (TCV) of ₹13,280 crores (converted from $1.6 billion) in Q1 FY26, up 17% YoY, ensuring strong revenue visibility.
Capital Structure and Stability
With a Return on Equity (ROE) of 20.26% and Return on Capital Employed (ROCE) of 22.31% in FY25, LTIMindtree demonstrates efficient capital utilization. Its balance sheet is conservative, with a debt-to-equity ratio of just 0.10. Total debt of ₹2,187 crores against equity of ₹22,698 crores ensures stability, while cash and investments worth over ₹10,600 crores provide flexibility for expansion and acquisitions.
Conclusion: LTIMindtree is a well-positioned mid-cap IT player, offering investors long-term exposure to India’s digital and AI-driven growth story, but requires patience and careful risk management.
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